Cape Lobos News

ConAgra Inc., the second largest U.S. food manufacturer, has agreed to sell American Commercial Lines LLC (ACL) its large U.S. inland barge fleet and operations. Financial terms of the deal, which ConAgra said was part of ongoing series of strategic divestments, were not announced. ACL will acquire 930 owned and chartered barges, nine chartered towboats and one dry dock, the companies said in a joint statement. The deal includes Peavey Barge Lines, Brown Water Towing Inc. and Superior Barge Lines, Inc. The transaction is subject to regulatory approval but is expected to be completed in the next 30 days, the companies said. Greg Heckman, president and CEO, ConAgra Trade Group, said, "Our decision to sell the barge company is a strategic one.

The U.S. Department of Transportation’s Maritime Administration (MARAD) today activated two more Ready Reserve Force (RRF) ships to support Operation Enduring Freedom. The activations follow orders received from the U.S. Navy’s Military Sealift Command. The two ships, the CAPE LOBOS and the CAPE LAMBERT, are part of the James River Reserve Fleet anchored near Fort Eustis, VA. “The maritime community has served America with great distinction during every major crisis in our Nation’s history, and the mariners who crew the ships are the cornerstone of this effort,” said U.S. Secretary of Transportation Norman Y. Mineta. The recently-activated ships join 32 others already activated to support Operation Enduring Freedom.